Europe
FTSE 100 Hits One-Week High on Banks and Mining
• FTSE 100 reached one-week highs on Wednesday, driven by gains in banks and mining stocks.
• Lloyds LLOY rose 4.6% after brokerages raised their price target on the stock.
• Metro Bank MTRO rose 4.3% after it announced it had signed an agreement to sell a portfolio of unsecured personal loans.
• UK-listed miners advanced due to potential Trump tariffs on copper imports and a power outage in Chile.
• Glencore GLEN gained 2%, Anglo American AAL rose 3.5%, and Antofagasta ANTO was up 3.6%.
• ConvaTec Group CTEC gained 4.9% after reporting a higher annual profit.
• Global stocks rebounded, with European shares reaching a record high.
• The midcap FTSE 250 also gained 0.7%.
• Burberry BRBY rose 7.8% after Kepler Cheuvreux raised its rating to “buy” from “hold”.
• Pets at Home PETS surged 7.7% to a three-month high on takeover speculation.
• Aston Martin AML plunged 12% after a delay in launching its first battery electric vehicle and plans to reduce its global workforce by 5%.
